The Company s latest Annual Report and monthly fact sheet can be found on the Company s website

Size: px
Start display at page:

Download "The Company s latest Annual Report and monthly fact sheet can be found on the Company s website"

Transcription

1 AIFMD Disclosure Document for Impax Environmental Markets plc Dated: October 2017 Article 23(1) and (2) of the Directive 2011/61/EU of the European Parliament and of the Council of 8 June 2011 on Alternative Investment Fund Managers (the "AIFMD") requires that AIFMs shall for each of the AIFs that they market in the EEA make available to AIF investors, in accordance with the AIF rules or instruments of incorporation, certain information before they invest in the AIF, as well as any material changes thereto. Article 23 of the AIFMD has been implemented in the United Kingdom through Chapter 3.2 of the Investment Funds sourcebook of the Financial Conduct Authority Handbook ("FUND 3.2"). This document is issued by Impax Asset Management (AIFM) Limited (the "AIFM") solely in order to make available the information required by Article 23(1) and (2) of the AIFMD/FUND 3.2 to be made available to investors in Impax Environmental Markets plc (the "Company") before they invest in the Company. This document either contains that information or cross-refers to the relevant document available to investors that contains such information. The Company s latest Annual Report and monthly fact sheet can be found on the Company s website REGULATORY REFERENCE INFORMATION OR DOCUMENT AND REFERENCE AIFMD FUND Article 23(1) (1) a description of the investment strategy and objectives of the AIF; (b) if the AIF is a feeder AIF, information on where the master AIF is established; Not applicable (c) if the AIF is a fund of funds, information on where the underlying funds are established; Not applicable (d) a description of the types of assets in which the AIF may invest; (e) the investment techniques that the AIF, or the AIFM on behalf of the AIF, may employ and all associated risks; LONLIVE\ Page 1

2 (f) any applicable investment restrictions; (g) the circumstances in which the AIF may use leverage; (h) the types and sources of leverage permitted and the associated risks; While the use of borrowings should generally enhance the total return on the Ordinary Shares where the return on the Company's underlying assets is rising and exceeds the cost of borrowing, it will have the opposite effect where the underlying return is falling, further reducing the total return on the Ordinary Shares. Accordingly, the use of borrowings by the Company may increase the volatility of the Net Asset Value of the Ordinary Shares, and the price of the Ordinary Shares. (i) any restrictions on the use of leverage and any collateral and asset reuse arrangements; and There are no collateral and asset reuse arrangements. (j) the maximum level of leverage which the AIFM is entitled to employ on behalf of the AIF; The current policy of the Company's board of directors (the "Board") is to use gearing up to 10 per cent. of net assets. The AIFMD prescribes two methods of measuring and expressing leverage and requires disclosure of the maximum amount of leverage the Company might be subject to. The definition of leverage is wider than that of gearing and includes exposures that are not considered to contribute to gearing. The Company has set the following leverage limit: 130 per cent. on both a gross and commitment basis. (b) (2) a description of the procedures by which the AIF may change its investment strategy or investment policy, or both; The investment policy of the Company may be amended from time to time by the Board. No material change will be made to the investment policy without the approval of Shareholders by ordinary resolution. (c) (3) a description of the main legal implications of the contractual relationship entered into for the purpose of investment, including information on jurisdiction, the applicable law and the existence or absence of any legal instruments providing for the recognition and Implications of the contractual relationship entered into for the purpose of investment While investors acquire an interest in the Company on subscribing for the Company's shares, the Company is the sole legal and/or beneficial owner of its investments. Consequently, shareholders have no direct legal or beneficial interest in those investments. The liability of shareholders for the debts and other obligations of the Company is limited to the amount unpaid, if any, on the shares held by them. LONLIVE\ Page 2

3 enforcement of judgments in the territory where the AIF is established; Shareholders' rights in respect of their investment in the Company are governed by the Company's Articles of Association and the Companies Act The Articles of Association set out the respective rights and restrictions attaching to the Company's shares. Under English law, the following types of claim may in certain circumstances be brought against a company by its shareholders: contractual claims under its Articles of Association; claims in misrepresentation in respect of statements made in its prospectus and other marketing documents; unfair prejudice claims; and derivative actions. In the event that a shareholder considers that it may have a claim against the Company in connection with such investment in the Company, such shareholder should consult its own legal advisers. Jurisdiction and applicable law As noted above, shareholders' rights are governed principally by the Articles of Association and the Companies Act By subscribing for shares, investors agree to be bound by the Articles of Association which is governed by, and construed in accordance with, the laws of England and Wales. Recognition and enforcement of foreign judgments Regulation (EC) 593/2008 ('Rome I') must be applied in all member states of the European Union (other than Denmark). Accordingly, where a matter comes before the courts of a relevant member state, the choice of a governing law in any given agreement is subject to the provisions of Rome I. Under Rome I, the member state's courts may apply any rule of that member state's own law which is mandatory irrespective of the governing law and may refuse to apply a rule of governing law if it is manifestly incompatible with the public policy of that member state. Further, where all other elements relevant to the situation at the time of the choice are located in a country other than the country whose law has been chosen, the choice of the parties shall not prejudice the application of provisions of the law of that other country which cannot be derogated from by agreement. Shareholders should note that there are a number of legal instruments providing for the recognition and enforcement of foreign judgments in England. Depending on the nature and jurisdiction of the original judgment, Council Regulation (EC) No 44/2001 on jurisdiction and the recognition and enforcement of judgments in civil and commercial matters, Regulation(EC) No 805/2004 of the European Parliament and of the Council of 21 April 2004 creating a European Enforcement Order for uncontested claims, the Convention on jurisdiction and the recognition and enforcement of judgments in civil and commercial matters done at Lugano on 30 October 2007, the Administration of Justice Act 1920 and the Foreign Judgments LONLIVE\ Page 3

4 (Reciprocal Enforcement) Act 1933 may apply. There are no legal instruments providing for the recognition and enforcement of judgments obtained in jurisdictions outside those covered by the instruments listed above, although such judgments might be enforceable at common law. (d) (4) the identity of the AIFM, the AIF's depositary, the auditor and any other service providers and a description of their duties and the investors' rights; Impax Asset Management (AIFM) Limited (the "AIFM") is the Company's AIFM with responsibility for portfolio management and risk management of the Company's investments. BNP Paribas Securities Services, London Branch (the "Depositary") has been appointed to fulfil the function of a depositary in accordance with article 21(1) of AIFMD. The Depositary was appointed as depositary pursuant to a depositary agreement dated 3 July 2014 between the Company, the AIFM and the Depositary (the "Depositary Agreement"). The auditors to the Company are Ernst & Young LLP. PaxisIFM Fund Services (UK) Limited is appointed to provide fund administration and secretarial services to the Company (the Administrator ). Capita Asset Services is appointed as the Company's registrar. The registrar is responsible for the keeping the register of shareholders. Absent a direct contractual relationship between a Shareholder and a service provider to the Company, Shareholders generally have no direct rights against the relevant service provider and there are only limited circumstances in which a Shareholder may potentially bring a claim against the relevant service provider. Instead, the proper plaintiff in an action in respect of which a wrongdoing is alleged to have been committed against the Company by the relevant service provider is, prima facie, the Company itself. (e) (5) a description of how the AIFM complies with the requirements referred to in IPRU-INV G (Professional negligence) or GENPRU G (Requirements relevant to collective portfolio management investment firms) relating to professional liability risk; To cover potential professional liability risks resulting from its activities the AIFM may carry out pursuant to the AIFMD, the AIFM has additional own funds which are appropriate to cover potential liability risks arising from professional negligence in accordance with the applicable rules of the Financial Conduct Authority. (6 a description of:) LONLIVE\ Page 4

5 (f) (f) any AIFM management function delegated by the AIFM; (b) any safe-keeping function delegated by the depositary; None Under the Depositary Agreement, the Depositary may delegate to third parties any of its functions as depositary as set out in the Depositary Agreement, provided that such delegation is in compliance with the Depositary Agreement and applicable law, and save that in respect of its duties as set out in Article 21 of the AIFMD, only its safekeeping functions may be delegated. The Depositary has not delegated its safe-keeping function. (f) (c) the identity of each delegate appointed in accordance with FUND 3.10 (Delegation); and None (f) (d) any conflicts of interest that may arise from such delegations; The AIFM does not consider that any conflicts of interest arise from any safe-keeping function delegated by the Depositary in accordance with the terms of the Depositary Agreement. (g) (7) a description of the AIF's valuation procedure and of the pricing methodology for valuing assets, including the methods used in valuing any hard-to-value assets, in line with FUND 3.9 (Valuation); The Company's business is investing in financial assets, primarily global equities, with a view to profiting from their total return in the form of income and capital growth. This portfolio of financial assets is managed and its performance evaluated on a fair value basis, in accordance with a documented investment strategy. The AIFM is ultimately responsible for the valuation of assets. The Administrator is responsible for the day-to-day preparation of the daily NAV including all security valuations and it is the AIFM s responsibility to validate this NAV. For hard-to-value assets, the Board must appoint a competent party to value the security, namely the AIFM Valuation Committee. The AIFM then instructs the Administrator as to what price the security should be held at. The valuation function is performed independently from the portfolio management function. Upon initial recognition, investments are held at fair value through the profit and loss. Fair value is the listed market value of the relevant exchange. Subsequently the investments are valued at fair value, which are closing bid prices for listed investments quoted on the relevant investment exchange. For hard-to-value investments which are not traded in active markets, unlisted and restricted investments, the AIFM has its own valuation policy, in line with IPEV and EVCA guidelines. LONLIVE\ Page 5

6 In the absence of published official data, the AIFM takes into account the market price of recent, comparable arms length transactions, earnings multiple analysis and where possible discounted cash flow analysis. (h) (8) a description of the AIF's liquidity risk management, including the redemption rights of investors in normal and exceptional circumstances, and the existing redemption arrangements with investors; The AIFM has a liquidity management policy in relation to the Company which is intended to ensure that the Company's investment portfolio maintains a level of liquidity which is appropriate to the Company's obligations. The liquidity management policy is intended to ensure that the Company's investment portfolio is sufficiently liquid to meet the Company's ongoing cash requirements for the payment of dividends and operating expenses. This requires the AIFM to identify and monitor its investment in asset classes which are considered to be relatively illiquid. The investment strategy is intended to ensure that that there are a sufficient number of investments that are readily realisable and can be sold to meet any funding requirements. The liquidity management policy is reviewed and updated, as required, on at least an annual basis. Shareholders do not have a right for their Ordinary Shares to be redeemed and the Company does not have a fixed windingup date. (i) (9) a description of all fees, charges and expenses, and the maximum amounts directly or indirectly borne by investors; AIFM The AIFM is entitled to remuneration each month which is calculated as follows: in respect of the first 475 million of the Company's net assets, one twelfth of 0.9 per cent. of such net assets; and in respect of the Company's net assets exceeding 475 million, one twelfth of 0.65 per cent. of such net assets. For these purposes, the net assets will be calculated as at close of business on the last business day of each calendar month. Depositary The Depositary is entitled to remuneration each month at a rate equivalent to one twelfth of per cent on the value of the Company's assets to and including 150 million; plus one twelfth of per cent on the value of the Company's assets in excess of 150 million. An annual minimum fee of 30,000 is payable to the Depositary. LONLIVE\ Page 6

7 Directors Save for the Chairman of the Board and the Chairman of the Audit Committee, the fees are 23,000 for each Director per annum. The Chairman of the Board's fee is 34,000 per annum. The Chairman of the Audit Committee's fee is 28,000 per annum. The maximum level of fees payable, in aggregate, to the directors of the Company is currently 150,000 per annum. All of the Directors are also entitled to be paid all reasonable expenses properly incurred by them in attending general meetings, board or committee meetings or otherwise in connection with the performance of their duties. The Company also incurs annual fees, charges and expenses in connection with administration, promotional activities, auditor's fees, lawyers' fees and depositary charges. The Company's ongoing charges figure is disclosed in the Annual Report. The Company's ongoing charges include the management fee. There is no formal cap on the level of the Company's ongoing charges, although the Board receives monthly management accounts which contain analysis of expenditure and are reviewed at quarterly Board meetings. The Company's Remuneration Committee formally reviews the fees payable to the Company's main service providers on an annual basis. (j) (10) a description of how the AIFM ensures a fair treatment of investors; The AIFM will treat all of the Company's investors fairly and will not allow any investor to obtain preferential treatment, unless such treatment is appropriately disclosed. (11) whenever an investor obtains preferential treatment or the right to obtain preferential treatment, a description of: (j) that preferential treatment; No investor currently obtains preferential treatment or the right to obtain preferential treatment. (j) (b) the type of investors who obtain such preferential treatment; and No investor currently obtains preferential treatment or the right to obtain preferential treatment. (j) (c) where relevant, their legal or economic links with the AIF or AIFM; No investor currently obtains preferential treatment or the right to obtain preferential treatment. LONLIVE\ Page 7

8 (l) (12) the procedure and conditions for the issue and sale of units or shares; The Company's shares are admitted to the Official List of the UKLA and to trading on the main market of the London Stock Exchange. Accordingly, the Company's shares may be purchased and sold on the main market of the London Stock Exchange. New shares may be issued at a premium to net asset value, at the Board's discretion and providing relevant shareholder issuance authorities are in place. While the Company will typically have shareholder authority to buy back shares, shareholders do not have the right to have their shares purchased by the Company. (m) (13) the latest net asset value of the AIF or the latest market price of the unit or share of the AIF, in line with FUND 3.9 (Valuation); The Company's NAV is published by way of an announcement via a Regulatory Information Service. For internet users, additional data on the Company, including the latest published NAV and the closing price of shares for the previous day of trading on the London Stock Exchange is available on the Company's website: (k) (14) the latest annual report, in line with FUND 3.3 (Annual report of an AIF); The latest annual report of the Company will be made available on the Company's website: (n) (15) where available, the historical performance of the AIF; The Company's historical performance data, including copies of the Company's previous annual report and accounts, are available on the Company's website: (16) (o) the identity of the prime brokerage firm; Not applicable (o) (b) a description of any material arrangements of the AIF with its prime brokerage firm and the way any conflicts of interest are managed; Not applicable (o) (c) the provision in the contract with the depositary on the possibility of transfer and reuse of AIF assets; and Neither the Depositary nor any delegate appointed by it may re-use the Company's assets without the prior written consent of the AIFM. LONLIVE\ Page 8

9 (o) (d) information about any transfer of liability to the prime brokerage firm that may exist; and Not applicable (p) (17) a description of how and when the information required under FUND R and FUND R will be disclosed. Under FUND R, the AIFM must disclose to investors periodically: (1) the percentage of the Company's assets that are subject to special arrangements arising from their illiquid nature; (2) any new arrangements for managing the liquidity of the Company; and (3) the current risk profile of the Company and the risk management systems employed by the AIFM to manage those risks. The information shall be disclosed as part of the Company's periodic reporting to investors and, at a minimum, at the same time as the Company's annual report is made available. Under FUND R, the AIFM must disclose on a regular basis: (1) any changes to: the maximum level of leverage that the AIFM may employ on behalf of the Company; and (b) any right of reuse of collateral or any guarantee granted under the leveraging arrangement; and (2) the total amount of leverage employed by the Company. Information on changes to the maximum level of leverage and any right of re-use of collateral or any guarantee under the leveraging arrangements shall be provided without undue delay. Information on the total amount of leverage employed by the Company shall be disclosed as part of the Company's periodic reporting to investors, and at least at the same time as the Company's annual report is made available. Without limitation to the generality of the foregoing, any information required under FUND R and FUND R may be disclosed in the Company's annual report, (b) in the Monthly Factsheets that are available on the Company's website at (c) by the Company issuing an announcement via a Regulatory Information Service or (d) by the Company publishing the relevant information on the Company's website. AIFMD FUND Article 23(2) LONLIVE\ Page 9

10 23(2) (1) An AIFM must inform investors before they invest in the AIF of any arrangement made by the depositary to contractually discharge itself of liability, in accordance with regulation 30 of the AIFMD UK Regulation. Pursuant to the Depositary Agreement and in accordance with applicable law, the Depositary may discharge its liability for loss of financial instruments held in custody. The Depositary Agreement also contains provisions that limit the Depositary's liability in respect of loss of financial instruments held in custody and other loss. Under the Depositary Agreement, the Depositary will also be indemnified by the Company in certain circumstances. 23(2) (2) The AIFM must also inform investors without delay of any changes with respect to depositary liability. Without limitation, Shareholders may be informed in the Company's annual report, (b) in the Monthly Factsheets that are available on the Company's website at (c) by the Company issuing an announcement via a Regulatory Information Service or (d) by the Company publishing the relevant information on the Company's website. LONLIVE\ Page 10

11 Disclaimer This document is not being issued for any purpose other than to make certain, required regulatory disclosures to investors and, to the fullest extent permitted under applicable law and regulations, the AIFM, the Company and its Directors will not be responsible to persons other than the Company's shareholders for their use of this document, nor will they be responsible to any person (including the Company's shareholders) for any use which they may make of this document other than to inform a decision to invest in shares in the Company. This document does not form a prospectus and is not intended to be an invitation or inducement to any person to engage in any investment activity. This document does not include all the information which investors and their professional advisers may require for the purpose of making an informed decision in relation to an investment in the Company and its shares. Prospective investors should rely on their own professional advisers in relation to any investment they may make in the Company. Overseas investors should note that the distribution of this document in certain jurisdictions may be restricted and persons into whose possession this document comes are required to inform themselves about and observe such restrictions. LONLIVE\ Page 11

1 A description of the investment strategy and objectives of the AIF

1 A description of the investment strategy and objectives of the AIF Alternative Investment Fund Managers Directive - Pre-investment Disclosure Document Premier Global Infrastructure Trust PLC (the "Company") Dated: 2 November 2017 Article 23(1) and (2) of the Directive

More information

JPMorgan Brazil Investment Trust plc

JPMorgan Brazil Investment Trust plc D021\096\EH5580960.1 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART OUTSIDE THE UNITED KINGDOM This document is issued by JPMorgan Funds Limited (the Manager

More information

Polar Capital Global Healthcare Trust plc

Polar Capital Global Healthcare Trust plc NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART OUTSIDE THE UNITED KINGDOM This document is issued by Polar Capital LLP (the Manager or the AIFM ) solely in order

More information

AIFMD Disclosure Document for. STRATEGIC EQUITY CAPITAL PLC (the "Company") Last updated: 31 January 2018

AIFMD Disclosure Document for. STRATEGIC EQUITY CAPITAL PLC (the Company) Last updated: 31 January 2018 AIFMD Disclosure Document for STRATEGIC EQUITY CAPITAL PLC (the "Company") Last updated: 31 January 2018 ADDITIONAL DISCLOSURE TO INVESTORS PURSUANT TO ARTICLE 23.1 OF THE ALTERNATIVE INVESTMENT FUND MANAGERS

More information

JPMorgan Income & Capital Trust plc

JPMorgan Income & Capital Trust plc D021\096\EH5580960.1 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART OUTSIDE THE UNITED KINGDOM This document is issued by JPMorgan Funds Limited (the Manager

More information

JPMorgan European Investment Trust plc Income Shares

JPMorgan European Investment Trust plc Income Shares D021\096\EH5580960.1 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART OUTSIDE THE UNITED KINGDOM This document is issued by JPMorgan Funds Limited (the Manager

More information

Investment Funds sourcebook. Chapter 3. Requirements for alternative investment fund managers

Investment Funds sourcebook. Chapter 3. Requirements for alternative investment fund managers Investment Funds sourcebook Chapter equirements for alternative investment fund FUND : equirements for.2 Investor information.2.1 Application This section applies to a full-scope UK AIFM of: (1) a UK AIF;

More information

DUNEDIN ENTERPRISE INVESTMENT TRUST PLC

DUNEDIN ENTERPRISE INVESTMENT TRUST PLC This document is issued by Dunedin Enterprise Investment Trust PLC (the "Company" and DENT ) and is made available by Dunedin LLP (the AIFM ) solely in order to make certain particular information available

More information

Article 23(1) AIFMD Checklist

Article 23(1) AIFMD Checklist Article 23(1) AIFMD Checklist AIFM name: AIF Name Article 23 (1) AIFMD, Information Requirement Table. Section of the Information Memorandum The AIFM will make available to investors the following information

More information

Alternative Investment Fund Managers Directive Fund 3.2.2R Disclosures. GCP Infrastructure Investments Limited (the "Company")

Alternative Investment Fund Managers Directive Fund 3.2.2R Disclosures. GCP Infrastructure Investments Limited (the Company) Alternative Investment Fund Managers Directive Fund 3.2.2R Disclosures GCP Infrastructure Investments Limited (the "Company") The Company is an alternative investment fund for the purposes of Directive

More information

ScotGems plc INVESTOR DISCLOSURE DOCUMENT. 5 June 2017 IMPORTANT INFORMATION

ScotGems plc INVESTOR DISCLOSURE DOCUMENT. 5 June 2017 IMPORTANT INFORMATION This document is issued by ScotGems plc (the "Company") solely in order to make certain particular information available to investors in the Company before they invest, in accordance with the requirements

More information

AIFM Directive Disclosure Document for Baker Steel Resources Trust Limited

AIFM Directive Disclosure Document for Baker Steel Resources Trust Limited AIFM Directive Disclosure Document for Baker Steel Resources Trust Limited Baker Steel Resources Trust Limited (the Company) is categorised as an externally managed non- EEA AIF for the purposes of Directive

More information

PANTHEON INTERNATIONAL PLC (the Company ) INFORMATION FOR INVESTORS

PANTHEON INTERNATIONAL PLC (the Company ) INFORMATION FOR INVESTORS PANTHEON INTERNATIONAL PLC (the Company ) INFORMATION FOR INVESTORS The Company is an alternative investment fund for the purposes of the EU Alternative Investment Fund Managers Directive (Directive 2001/61/EU)

More information

THE SCOTTISH ORIENTAL SMALLER COMPANIES TRUST PLC

THE SCOTTISH ORIENTAL SMALLER COMPANIES TRUST PLC This document is issued by The Scottish Oriental Smaller Companies Trust PLC (the "Company") solely in order to make certain particular information available to investors in the Company before they invest,

More information

JPMorgan Global Convertibles Income Fund Limited

JPMorgan Global Convertibles Income Fund Limited NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART OUTSIDE THE UNITED KINGDOM This document is issued by JPMorgan Funds Limited (the Manager or the AIFM ) solely

More information

AIFM Directive Disclosure Document for Crystal Amber Fund Limited

AIFM Directive Disclosure Document for Crystal Amber Fund Limited AIFM Directive Disclosure Document for Crystal Amber Fund Limited Crystal Amber Fund Limited (the Company) is categorised as an externally managed non-eea AIF for the purposes of Directive 2011/61/EU of

More information

FINSBURY GROWTH & INCOME TRUST PLC

FINSBURY GROWTH & INCOME TRUST PLC D021\096\EH5553897.1 This document is issued by Finsbury Growth & Income Trust PLC solely in order to make certain particular information available to investors in Finsbury Growth & Income Trust PLC (the

More information

This document contains specific information aimed at professional investors domiciled in the European Economic Area ( EEA ).

This document contains specific information aimed at professional investors domiciled in the European Economic Area ( EEA ). Huntress Investment Fund Offshore AIFMD Disclosure Document This document contains specific information aimed at professional investors domiciled in the European Economic Area ( EEA ). Huntress Investment

More information

Syncona Limited Article 23 Disclosures. 30 October 2018

Syncona Limited Article 23 Disclosures. 30 October 2018 Syncona Limited Article 23 Disclosures 30 October 2018 Syncona Limited (the Company ) is an externally managed non-eea alternative investment fund for the purposes of Directive 2011/61/EU on Alternative

More information

AUGMENTUM FINTECH PLC

AUGMENTUM FINTECH PLC D021\096\EH5553897.1 This document is issued by Augmentum Fintech plc solely in order to make certain particular information available to investors in Augmentum Fintech plc (the Company ) before they invest,

More information

Geiger Counter Limited

Geiger Counter Limited NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART OUTSIDE THE UNITED KINGDOM This document is issued by CQS (UK) LLP (the Investment Manager or the AIFM ) solely

More information

AIFMD checklist. Things to consider

AIFMD checklist. Things to consider AIFMD checklist Things to consider Header 2 Contents Page Introduction 3 The financial statements 4 Annual - on the activities of the financial year 5 s to be provided outside (or inside) the annual 8

More information

AIFMD Investor Disclosure

AIFMD Investor Disclosure AIFMD Investor Disclosure Name of Alternative Investment Fund ('AIF'): Name of Alternative Investment Fund Manager ('AIFM'): Name of Depositary: Name of Auditor: British Empire Trust Plc Asset Value Investors

More information

Investment Funds sourcebook. Chapter 3. Requirements for alternative investment fund managers

Investment Funds sourcebook. Chapter 3. Requirements for alternative investment fund managers Investment Funds sourcebook Chapter equirements for alternative investment fund FUND : equirements for Section.1 : Application.1 Application.1.1 The application of this chapter is summarised in the following

More information

FSMA_2017_05-01 of 24/02/2017

FSMA_2017_05-01 of 24/02/2017 FSMA_2017_05-01 of 24/02/2017 This Communication is addressed to Belgian alternative investment fund managers who intend to market, to professional investors, units or shares of European Economic Area

More information

Information for investors

Information for investors Information for investors Martin Currie Asia Unconstrained Trust plc changed its name on 31 July 2015 having previously been known as Martin Currie Pacific Trust. This followed a vote by shareholders at

More information

A Guide to the Implications of the Alternative Investment Fund Managers Directive (AIFMD) for Annual Reports of Alternative Investment Funds (AIFs)

A Guide to the Implications of the Alternative Investment Fund Managers Directive (AIFMD) for Annual Reports of Alternative Investment Funds (AIFs) A Guide to the Implications of the Alternative Investment Fund Managers Directive (AIFMD) for Annual Reports of Alternative Investment Funds (AIFs) Alternative Investment Fund Managers Directive For Annual

More information

UK Commercial Property REIT Limited

UK Commercial Property REIT Limited This document is issued by Standard Life Investments (Corporate Funds) Limited (as alternative investment fund manager of UK Commercial Property REIT Limited (the "Company" formerly known as UK Commercial

More information

Investment Funds sourcebook

Investment Funds sourcebook Investment Funds sourcebook FUND Contents Investment Funds sourcebook FUND 1 Introduction 1.1 Application and purpose 1.2 Structure of the Investment Funds sourcebook 1.3 Types of fund manager 1.4 AIFM

More information

BlackRock Fund Managers Limited

BlackRock Fund Managers Limited BLACKROCK NON-UCITS RETAIL FUNDS (2) PROSPECTUS 10 April 2017 BlackRock Fund Managers Limited BLACKROCK CONSENSUS 35 FUND BLACKROCK CONSENSUS 60 FUND BLACKROCK CONSENSUS 70 FUND BLACKROCK CONSENSUS 85

More information

FRN or AIFM national code or AIFM legal entity identification code (LEI)

FRN or AIFM national code or AIFM legal entity identification code (LEI) 1 Contact details and timings for this application Notification of intention to provide or amend cross border services in another EEA state for marketing an AIF (article 32); and/or notification of intention

More information

The Affirmative Deposit Fund for Charities

The Affirmative Deposit Fund for Charities Scheme Particulars The Affirmative Deposit Fund for Charities A common deposit fund The Affirmative Deposit Fund for Charities Index to paragraphs 1 Definitions 2 Constitution of the Fund 3 Trustee 4 Relationship

More information

F&C Capital and Income Investment Trust PLC

F&C Capital and Income Investment Trust PLC F&C Capital and Income Investment Trust PLC INVESTOR DISCLOSURE DOCUMENT IMPORTANT INFORMATION Regulatory and legal status of the Company F&C Capital and Income Investment Trust PLC (the Company ) is an

More information

Manchester & London Investment Trust Plc INVESTOR DISCLOSURE DOCUMENT

Manchester & London Investment Trust Plc INVESTOR DISCLOSURE DOCUMENT This document is issued by M&L Capital Management Limited (the AIFM ) solely in order to make information available to investors in Manchester & London Investment Trust PLC (the Company ) before they invest

More information

INVESTOR DISCLOSURE DOCUMENT

INVESTOR DISCLOSURE DOCUMENT This document is issued by Witan Investment Services Limited solely in order to make particular information available to investors in Witan Investment Trust plc (the Company ) before they invest, in accordance

More information

References: Articles to of the AMF General Regulation

References: Articles to of the AMF General Regulation AMF instruction Procedures for making disclosures and introducing changes, preparation of a prospectus and reporting for specialised professional funds and professional private equity funds DOC-2012-06

More information

AIFMD - The Depositary

AIFMD - The Depositary AIFMD - The Depositary AIFMD The Depositary Introduction Under the provisions of the AIFMD, an AIFM is responsible for ensuring that a single depositary is appointed in respect of each AIF which it manages.

More information

AMF Instruction Procedure for marketing units or shares of AIFs DOC

AMF Instruction Procedure for marketing units or shares of AIFs DOC AMF Instruction Procedure for marketing units or shares of AIFs DOC-2014-03 Reference texts: Articles 421-1, 421-13, 421-13-1, 421-14 and 421-27 of the AMF General Regulation Scope of application... 1

More information

The Affirmative Deposit Fund for Charities

The Affirmative Deposit Fund for Charities Appendix 2 The Scheme The Affirmative Deposit Fund for Charities A common deposit fund Sealed 14th August 2006, as amended by Scheme dated 27 th February 2007 As amended by resolutions effective 13 August

More information

Prospectus of SCOTTISH WIDOWS INCOME AND GROWTH FUNDS ICVC

Prospectus of SCOTTISH WIDOWS INCOME AND GROWTH FUNDS ICVC Prospectus of SCOTTISH WIDOWS INCOME AND GROWTH FUNDS ICVC (an investment company with variable capital incorporated with limited liability and registered by the Financial Services Authority (which has

More information

INVESTMENT FUNDS, ADVISORS AND DERIVATIVES UPDATE AIFM Directive 2013 Update: Marketing by US and Other Non-EU Managers

INVESTMENT FUNDS, ADVISORS AND DERIVATIVES UPDATE AIFM Directive 2013 Update: Marketing by US and Other Non-EU Managers FEBRUARY 6, 2013 INVESTMENT FUNDS, ADVISORS AND DERIVATIVES UPDATE AIFM Directive 2013 Update: Marketing by US and Other Non-EU Managers Introduction This Update considers what US and other non-eu alternative

More information

The Transparency Provisions of AIFMD

The Transparency Provisions of AIFMD The Transparency Provisions of AIFMD THE TRANSPARENCY PROVISIONS OF AIFMD Introduction Directive 2011/ 61/EU on Alternative Investment Fund Managers (the Directive ), which was agreed by the European Parliament

More information

EUROPEAN UNION. Brussels, 13 May 2011 (OR. en) 2009/0064 (COD) PE-CONS 60/10 EF 181 ECOFIN 738 CODEC 1293

EUROPEAN UNION. Brussels, 13 May 2011 (OR. en) 2009/0064 (COD) PE-CONS 60/10 EF 181 ECOFIN 738 CODEC 1293 EUROPEAN UNION THE EUROPEAN PARLIAMT THE COUNCIL Brussels, 13 May 2011 (OR. en) 2009/0064 (COD) PE-CONS 60/10 EF 181 ECOFIN 738 CODEC 1293 LEGISLATIVE ACTS AND OTHER INSTRUMTS Subject: DIRECTIVE OF THE

More information

AIFMD The First 3 Years and What Non-EU Fund Managers Need to Know

AIFMD The First 3 Years and What Non-EU Fund Managers Need to Know AIFMD The First 3 Years and What Non-EU Fund Managers Need to Know Teleconference Tuesday, November 15, 2016 12:00 PM 1:15 PM EST Presenters: Peter Green, Partner, Morrison & Foerster LLP Jeremy Jennings-Mares,

More information

AIFMD transparency rules Impact on the annual report of AIFs

AIFMD transparency rules Impact on the annual report of AIFs AIFMD transparency rules Impact on the annual report of AIFs The Alternative Investment Fund Managers Directive (AIFMD) includes transparency requirements which are applicable to AIFMs marketing and or/managing

More information

Disclaimer. tk

Disclaimer. tk Disclaimer This document has been prepared solely for the purpose of providing Dutch investors with certain information under Article 23 of the European Alternative Investment Fund Managers Directive (European

More information

PROSPECTUS 22 December 2017 THREADNEEDLE UK PROPERTY AUTHORISED INVESTMENT FUND

PROSPECTUS 22 December 2017 THREADNEEDLE UK PROPERTY AUTHORISED INVESTMENT FUND PROSPECTUS 22 December 2017 THREADNEEDLE UK PROPERTY AUTHORISED INVESTMENT FUND Contents Definitions... 3 1. Details of the Company... 5 2. The structure of the Company... 5 3. Share Classes... 5 4. Investment

More information

INSTRUMENT OF INCORPORATION DMS QIAIF PLATFORM ICAV AN UMBRELLA TYPE IRISH COLLECTIVE ASSET-MANAGEMENT VEHICLE WITH SEGREGATED LIABILITY BETWEEN FUNDS

INSTRUMENT OF INCORPORATION DMS QIAIF PLATFORM ICAV AN UMBRELLA TYPE IRISH COLLECTIVE ASSET-MANAGEMENT VEHICLE WITH SEGREGATED LIABILITY BETWEEN FUNDS INSTRUMENT OF INCORPORATION OF DMS QIAIF PLATFORM ICAV AN UMBRELLA TYPE IRISH COLLECTIVE ASSET-MANAGEMENT VEHICLE WITH SEGREGATED LIABILITY BETWEEN FUNDS 1 INSTRUMENT OF INCORPORATION OF DMS QIAIF PLATFORM

More information

Disclaimers. Netherlands

Disclaimers. Netherlands Disclaimers This document has been prepared solely for the purpose of providing U.K. and Dutch investors with certain information under Article 23 of the European Alternative Investment Fund Managers Directive

More information

Investment Funds sourcebook. Chapter 3. Requirements for alternative investment fund managers

Investment Funds sourcebook. Chapter 3. Requirements for alternative investment fund managers Investment Funds sourcebook Chapter equirements for alternative investment fund FUND : equirements for.11 Depositaries.11.1 Application This section applies in accordance with the table in FUND.11.2 and

More information

Prospectus of CCLA Authorised Contractual Scheme

Prospectus of CCLA Authorised Contractual Scheme Prospectus of CCLA Authorised Contractual Scheme Prospectus of CCLA Authorised Contractual Scheme (An authorised contractual scheme formed as a co-ownership scheme under section 235A of the Financial Services

More information

AIFM toolbox. AIFM toolbox - May Updated version

AIFM toolbox. AIFM toolbox - May Updated version AIFM toolbox AIFM toolbox - May 2013 Updated version AIFM toolbox The AlFM toolbox aims to provide reader-friendly access to the EU legislation relating to the AIFMD level 1 measures (Directive 2011/61/EU

More information

Prospectus 1 October 2017

Prospectus 1 October 2017 Schroder UK Real Estate Fund Prospectus 1 October 2017 www.schroders.com/sref Eversheds Sutherland Draft 1 October 2017 For professional investors only. Not suitable for retail clients. IMPORTANT: IF YOU

More information

Information under Article 23 of the European Alternative Investment Fund Managers Directive (AIFMD) for UK and Dutch Investors

Information under Article 23 of the European Alternative Investment Fund Managers Directive (AIFMD) for UK and Dutch Investors Information under Article 23 of the European Alternative Investment Fund Managers Directive (AIFMD) for UK and Dutch Investors DISCLAIMER October 4, 2016 This document has been prepared solely for the

More information

DISCLAIMER. Netherlands

DISCLAIMER. Netherlands DISCLAIMER This document has been prepared solely for the purpose of providing U.K. and Dutch investors with certain information under Article 23 of the European Alternative Investment Fund Managers Directive

More information

DANSKE INVEST QUANT FI/FX FUND. A Cell of

DANSKE INVEST QUANT FI/FX FUND. A Cell of 23 June 2017 DANSKE INVEST QUANT FI/FX FUND A Cell of DANSKE INVEST PCC LIMITED (a protected cell investment company limited by shares and registered in Guernsey with registration number 42589 which migrated

More information

Prospectus of SCOTTISH WIDOWS MANAGED INVESTMENT FUNDS ICVC

Prospectus of SCOTTISH WIDOWS MANAGED INVESTMENT FUNDS ICVC Prospectus of SCOTTISH WIDOWS MANAGED INVESTMENT FUNDS ICVC (an investment company with variable capital incorporated with limited liability and registered by the Financial Conduct Authority under registered

More information

Investment Funds sourcebook. Chapter 10. Operating on a cross-border basis

Investment Funds sourcebook. Chapter 10. Operating on a cross-border basis Investment Funds sourcebook Chapter Operating on a cross-border basis .5 National private placement.5.1 Application This section applies to the following types of AIFM that intend to market an AIF in the

More information

Information page Alternative Investment Fund Managers Directive Organisational requirements - Valuation

Information page Alternative Investment Fund Managers Directive Organisational requirements - Valuation Information page Alternative Investment Fund Managers Directive Organisational requirements - Issued : 28 February 2013 Table of Contents 1. Introduction... 3 2.... 3 3. Policies and procedures for the

More information

The European Long-Term Investment Fund ("ELTIF") Regulation in a nutshell

The European Long-Term Investment Fund (ELTIF) Regulation in a nutshell The European Long-Term Investment Fund ("ELTIF") Regulation in a nutshell On 20 April 2015, the Council formally approved a new regulation which was published in the Official Journal of the European Union

More information

DANSKE INVEST HEDGE MORTGAGE ARBITRAGE FUND. A Cell of. with the following Sub-Classes:

DANSKE INVEST HEDGE MORTGAGE ARBITRAGE FUND. A Cell of. with the following Sub-Classes: 15 August 2018 DANSKE INVEST HEDGE MORTGAGE ARBITRAGE FUND A Cell of DANSKE INVEST PCC LIMITED (a protected cell investment company limited by shares and registered in Guernsey with registration number

More information

Oldfield Partners LLP Conflicts of Interest Policy December 2014

Oldfield Partners LLP Conflicts of Interest Policy December 2014 December 2014 INTRODUCTION This document sets out the policy of Oldfield Partners LLP (the Firm ) with respect to the identification and management of its conflicts of interests in compliance with the

More information

Issue of New Shares pursuant to a scheme of reconstruction of JPMorgan Income & Capital Trust plc under section 110 of the Insolvency Act 1986.

Issue of New Shares pursuant to a scheme of reconstruction of JPMorgan Income & Capital Trust plc under section 110 of the Insolvency Act 1986. THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about the action you should take, you are recommended to seek your own financial advice immediately from an independent

More information

PROSPECTUS 14 MAY 2016 THREADNEEDLE UK PROPERTY AUTHORISED TRUST

PROSPECTUS 14 MAY 2016 THREADNEEDLE UK PROPERTY AUTHORISED TRUST PROSPECTUS 14 MAY 2016 THREADNEEDLE UK PROPERTY AUTHORISED TRUST Contents Definitions... 3 1. Details of the Trust... 5 2. The structure of the Trust... 5 3. Classes of Units... 5 4. Investment objective,

More information

Prospectus of SCOTTISH WIDOWS INVESTMENT SOLUTIONS FUNDS ICVC

Prospectus of SCOTTISH WIDOWS INVESTMENT SOLUTIONS FUNDS ICVC Prospectus of SCOTTISH WIDOWS INVESTMENT SOLUTIONS FUNDS ICVC (An investment company with variable capital incorporated with limited liability and registered by the Financial Conduct Authority under registered

More information

LF Personal Pension Trust

LF Personal Pension Trust Prospectus LF Personal Pension Trust VCN: 2839 Part of Link Group This document constitutes the Prospectus for the LF Personal Pension Trust which has been prepared in accordance with the Financial Services

More information

The Alternative Investment Fund Managers Directive. Key features & focus on third countries

The Alternative Investment Fund Managers Directive. Key features & focus on third countries The Alternative Investment Fund Managers Directive Key features & focus on third countries Legal advice from a different perspective Fiercely independent in structure and spirit, Elvinger Hoss Prussen

More information

OFFERING MEMORANDUM COMPANY NAME

OFFERING MEMORANDUM COMPANY NAME The directors of COMPANY NAME (the Company ) (the Directors ) whose names appear under Directors on page 1 of this document are the persons responsible for all the information contained in this offering

More information

A GUIDE TO ESTABLISHING AN ALTERNATIVE INVESTMENT FUND MANAGER IN MALTA

A GUIDE TO ESTABLISHING AN ALTERNATIVE INVESTMENT FUND MANAGER IN MALTA A GUIDE TO ESTABLISHING AN ALTERNATIVE INVESTMENT FUND MANAGER IN MALTA TABLE OF CONTENTS 1 INTRODUCTION... 2 2 INVESTMENT SERVICES IN MALTA... 2 3 AUTHORISATION... 4 3.1 Authorisation of AIFMs... 4 3.2

More information

DISCLAIMER. Prohibition of Sales to EEA Retail Investors

DISCLAIMER. Prohibition of Sales to EEA Retail Investors DISCLAIMER This document has been prepared solely for the purpose of providing U.K. and Dutch investors with certain information under Article 23 of the European Alternative Investment Fund Managers Directive

More information

HENDERSON INVESTMENT FUNDS LIMITED. Prospectus prepared in accordance with the Collective Investment Schemes Sourcebook. for

HENDERSON INVESTMENT FUNDS LIMITED. Prospectus prepared in accordance with the Collective Investment Schemes Sourcebook. for IMPORTANT: IF YOU ARE IN ANY DOUBT ABOUT THE CONTENTS OF THIS PROSPECTUS YOU SHOULD CONSULT YOUR PROFESSIONAL ADVISER. Henderson Investment Funds Limited, the Manager of the Janus Henderson UK Property

More information

PROSPECTUS. in respect of LEGAL & GENERAL UNIT TRUST MANAGERS II. an umbrella authorised unit trust scheme comprising the following fund

PROSPECTUS. in respect of LEGAL & GENERAL UNIT TRUST MANAGERS II. an umbrella authorised unit trust scheme comprising the following fund PROSPECTUS in respect of LEGAL & GENERAL UNIT TRUST MANAGERS II an umbrella authorised unit trust scheme comprising the following fund LEGAL & GENERAL FUTURE WORLD SUSTAINABLE OPPORTUNITIES FUND VALID

More information

SchroderUKRealEstateFundFeederTrust Report and Audited Financial Statements. FortheYearEnded 31 March 2016

SchroderUKRealEstateFundFeederTrust Report and Audited Financial Statements. FortheYearEnded 31 March 2016 SchroderUKRealEstateFundFeederTrust Report and Audited Financial Statements FortheYearEnded 31 March 2016 CONTENTS SchroderUKRealEstateFundFeederTrust Report and Audited Financial Statements for the year

More information

Placing and Offer for Subscription for up to 65 million C Shares at 100 pence per C Share Manager. BlackRock Fund Managers Limited

Placing and Offer for Subscription for up to 65 million C Shares at 100 pence per C Share Manager. BlackRock Fund Managers Limited THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about the action you should take, you are recommended to seek your own financial advice immediately from an independent

More information

SAMPLE OFFERING MEMORANDUM. [AIF name](the Fund )

SAMPLE OFFERING MEMORANDUM. [AIF name](the Fund ) SAMPLE The directors of the AIFM ( the Directors ) whose names appear under Directors on page 1 of this document are the persons responsible for all the information contained in this offering memorandum

More information

LF Canada Life Investments Fund II

LF Canada Life Investments Fund II Prospectus LF Canada Life Investments Fund II (An open-ended investment company incorporated with limited liability and registered in England and Wales under registered number IC000980) (A non-ucits Retail

More information

A. The Financial Conduct Authority makes this instrument in the exercise of the following powers and related provisions:

A. The Financial Conduct Authority makes this instrument in the exercise of the following powers and related provisions: FCA 2014/44 ALTERNATIVE INVESTMENT FUND MANAGERS DIRECTIVE AND UNDERTAKINGS FOR COLLECTIVE INVESTMENT IN TRANSFERABLE SECURITIES DIRECTIVE (MISCELLANEOUS AMENDMENTS) INSTRUMENT 2014 Powers exercised A.

More information

Information page Alternative Investment Fund Managers Directive Operating conditions Conflicts of interest

Information page Alternative Investment Fund Managers Directive Operating conditions Conflicts of interest Information page Alternative Investment Fund Managers Directive Operating conditions Issued : 19 March 2013 Table of Contents 1. Introduction... 3 2.... 3 3. Types of conflicts of interest... 4 4. policy...

More information

REPUBLIC OF FINLAND EUR 20,000,000,000. Euro Medium Term Note Programme

REPUBLIC OF FINLAND EUR 20,000,000,000. Euro Medium Term Note Programme OFFERING CIRCULAR REPUBLIC OF FINLAND EUR 20,000,000,000 Euro Medium Term Note Programme This Offering Circular comprises neither a prospectus for the purposes of Part VI of the United Kingdom Financial

More information

MI Somerset Capital Management Investment Funds ICVC. Prospectus

MI Somerset Capital Management Investment Funds ICVC. Prospectus MI Somerset Capital Management Investment Funds ICVC (An investment company with variable capital incorporated with limited liability and registered in England and Wales under registered number IC000713)

More information

INSTRUMENT OF INCORPORATION WINTON FUNDS ICAV

INSTRUMENT OF INCORPORATION WINTON FUNDS ICAV INSTRUMENT OF INCORPORATION WINTON FUNDS ICAV An Irish Collective Asset-Management Vehicle registered under the Irish Collective Asset-management Vehicles Act 2015 with the Central Bank of Ireland on 13

More information

Law of 19 April 2014 on alternative investment funds and their managers: questions and answers on the entry into force of the AIFM Law

Law of 19 April 2014 on alternative investment funds and their managers: questions and answers on the entry into force of the AIFM Law Annex Communication FSMA_2014_03-1 of 23/06/2014 Law of 19 April 2014 on alternative investment funds and their managers: questions and answers on the entry into force of the AIFM Law Scope: This Annex

More information

The Charities Property Fund

The Charities Property Fund The Charities Property Fund SCHEME PARTICULARS 24 September 2018 Registered Charity Number 1080290 Benefits anticipated in The Charities Property Fund may be affected by changes in UK tax legislation.

More information

TITLOS PLC. (Incorporated in England and Wales under registered number ) Expected Maturity Date Final Maturity Date Issue Price

TITLOS PLC. (Incorporated in England and Wales under registered number ) Expected Maturity Date Final Maturity Date Issue Price TITLOS PLC (Incorporated in England and Wales under registered number 6810180) Initial Principal Amount Interest Rate Expected Maturity Date Final Maturity Date Issue Price Expected Moody's Rating 5,100,000,000

More information

Issue of further new Ordinary Shares

Issue of further new Ordinary Shares This document comprises a prospectus relating to Capital Gearing Trust P.l.c. (the "Company") prepared in accordance with the Prospectus Rules and Listing Rules of the UK Listing Authority made under section

More information

PROSPECTUS FOR HBOS ACTIVELY MANAGED PORTFOLIO FUNDS ICVC

PROSPECTUS FOR HBOS ACTIVELY MANAGED PORTFOLIO FUNDS ICVC PROSPECTUS FOR HBOS ACTIVELY MANAGED PORTFOLIO FUNDS ICVC An investment company with variable capital incorporated with limited liability and registered in England and Wales FCA Product Reference Number:

More information

HENDERSON INVESTMENT FUNDS LIMITED. Prospectus prepared in accordance with the Collective Investment Schemes Sourcebook. for

HENDERSON INVESTMENT FUNDS LIMITED. Prospectus prepared in accordance with the Collective Investment Schemes Sourcebook. for IMPORTANT: IF YOU ARE IN ANY DOUBT ABOUT THE CONTENTS OF THIS PROSPECTUS YOU SHOULD CONSULT A PROFESSIONAL ADVISER. Henderson Investment Funds Limited, the ACD of the Henderson UK Property PAIF, is the

More information

Templeton Emerging Markets Investment Trust PLC

Templeton Emerging Markets Investment Trust PLC This document is issued by Franklin Templeton International Services S.à r.l. ( FTIS ) in order to make certain particular information available to existing investors in the Alternative Investment Fund

More information

Disclaimer. Netherlands

Disclaimer. Netherlands Disclaimer This document has been prepared solely for the purpose of providing U.K. and Dutch investors with certain information under Article 23 of the European Alternative Investment Fund Managers Directive

More information

M&G Investment Funds (11) Issued by M&G Securities Limited 19 April Prospectus

M&G Investment Funds (11) Issued by M&G Securities Limited 19 April Prospectus Issued by M&G Securities Limited 19 April 2018 Prospectus Prospectus This document constitutes the Prospectus for (the Company ) which has been prepared in accordance with the Open- Ended Investment Companies

More information

IMPORTANT: IF YOU ARE IN ANY DOUBT ABOUT THE CONTENTS OF THIS PROSPECTUS YOU SHOULD CONSULT YOUR PROFESSIONAL ADVISER.

IMPORTANT: IF YOU ARE IN ANY DOUBT ABOUT THE CONTENTS OF THIS PROSPECTUS YOU SHOULD CONSULT YOUR PROFESSIONAL ADVISER. IMPORTANT: IF YOU ARE IN ANY DOUBT ABOUT THE CONTENTS OF THIS PROSPECTUS YOU SHOULD CONSULT YOUR PROFESSIONAL ADVISER. Host Capital Limited, the authorised corporate director of the Company, is the person

More information

ABERDEEN DIVERSIFIED INCOME AND GROWTH TRUST PLC

ABERDEEN DIVERSIFIED INCOME AND GROWTH TRUST PLC 168747 Proof 5 Monday, March 6, 2017 03:41 THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt as to what action you should take, you are recommended to seek your

More information

AIF. Alternative Investment Funds

AIF. Alternative Investment Funds AIF Alternative Investment Funds INTRODUCTION Eager to respond to the needs of professionals in the financial centre, the Luxembourg Stock Exchange in cooperation with the Association of the Luxembourg

More information

Information under Article 23 of European Alternative Investment Fund Managers Directive for Dutch Investors

Information under Article 23 of European Alternative Investment Fund Managers Directive for Dutch Investors Information under Article 23 of European Alternative Investment Fund Managers Directive for Dutch Investors November 1, 2018 Disclaimer This document has been prepared solely for the purpose of providing

More information

Schroder UK Property Fund Feeder Trust

Schroder UK Property Fund Feeder Trust For professional investors only. Not suitable for retail clients. Schroder UK Property Fund Feeder Trust Schroder Unit Trusts Limited. 31 Gresham Street, London EC2V 7QA. Registered No. 04191730 England.

More information

RBS INVESTMENT OPTIONS ICVC PROSPECTUS

RBS INVESTMENT OPTIONS ICVC PROSPECTUS RBS INVESTMENT OPTIONS ICVC An Investment Company with Variable Capital Registered in England and Wales under Registered Number IC 000617, FCA Product Reference ( PRN ): 476834 PROSPECTUS This Prospectus

More information

Prospectus of SCOTTISH WIDOWS UK AND INCOME INVESTMENT FUNDS ICVC

Prospectus of SCOTTISH WIDOWS UK AND INCOME INVESTMENT FUNDS ICVC Prospectus of SCOTTISH WIDOWS UK AND INCOME INVESTMENT FUNDS ICVC (an investment company with variable capital incorporated with limited liability and registered by the Financial Services Authority (which

More information

Collective Investment Schemes

Collective Investment Schemes Collective Investment Schemes COLL Contents Collective Investment Schemes COLL 1 Introduction 1.1 Applications and purpose 1.2 Types of authorised fund COLL 2 Authorised fund applications 2.1 Authorised

More information

Alternative Investment Fund Managers Directive

Alternative Investment Fund Managers Directive Investment management Alternative Investment Fund Managers Directive Re-shaping for the Future May 2013 kpmg.com Third Edition Including Delegated Regulation "Level 2" Introduction The Alternative Investment

More information

ASSET MANAGEMENT. Prospectus. for Royal London Equity Funds ICVC (the Company )

ASSET MANAGEMENT. Prospectus. for Royal London Equity Funds ICVC (the Company ) ASSET MANAGEMENT Prospectus for Royal London Equity Funds ICVC (the Company ) Royal London Unit Trust Managers Limited Authorised and regulated by the Financial Conduct Authority Valid as at 21 September

More information